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- Tasks: Support the Head of department in reserving duties and financial analysis.
- Company: Join a leading firm in the insurance sector with a collaborative team.
- Benefits: Competitive salary, flexible working, and opportunities for professional growth.
- Why this job: Make an impact in the insurance industry while developing your actuarial skills.
- Qualifications: Nearly or Newly Qualified Actuary with experience in reserving.
- Other info: Work in a dynamic environment with strong career progression opportunities.
The predicted salary is between 43200 - 72000 £ per year.
Our client is looking to add additional headcount to their reserving and capital team. This would suit a Nearly or Newly Qualified Actuary who has a good amount of experience in reserving (consultancy or in-house).
In this role you will support the Head of the department in performing reserving duties and standard formula calculations. You will be supporting the preparation of the Actuarial Function Report and assisting in analysing underwriting and pricing strategies.
You will be collaborating with multiple functions across the business including finance and risk to provide insights for financial forecasts and strategic plans. They require 2 days per week in the London office as a minimum.
The hiring manager is keen to speak to individuals who have commercial or Lloyd's/London Market experience.
Reserving and Capital Actuary employer: NACBA
Contact Detail:
NACBA Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reserving and Capital Actuary
✨Tip Number 1
Network like a pro! Reach out to your connections in the actuarial field, especially those with experience in reserving or the London Market. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and understanding of financial forecasts. We recommend practising common actuarial scenarios and how you’d approach them, so you can impress the hiring manager with your insights.
✨Tip Number 3
Showcase your collaborative spirit! Since this role involves working with finance and risk teams, be ready to discuss examples of how you’ve successfully collaborated across departments in the past.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’re always on the lookout for talented actuaries like you to join our team.
We think you need these skills to ace Reserving and Capital Actuary
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in reserving and capital, especially if you've worked in consultancy or in-house. We want to see how your skills align with the role, so don’t be shy about showcasing relevant projects!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for the team. Mention your commercial or Lloyd's/London Market experience and how it can benefit us at StudySmarter.
Showcase Collaboration Skills: Since this role involves working with various functions like finance and risk, highlight any past experiences where you’ve successfully collaborated with different teams. We love seeing teamwork in action!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it makes the process smoother for everyone involved!
How to prepare for a job interview at NACBA
✨Know Your Numbers
As a Reserving and Capital Actuary, you'll need to be comfortable with numbers and calculations. Brush up on your reserving techniques and standard formula calculations before the interview. Be ready to discuss specific examples from your experience that demonstrate your expertise in these areas.
✨Understand the Business
Familiarise yourself with the company’s operations, especially their underwriting and pricing strategies. Research their recent financial forecasts and strategic plans. This will not only help you answer questions more effectively but also show your genuine interest in the role and the business.
✨Collaborate and Communicate
Since this role involves working with multiple functions like finance and risk, prepare to discuss how you've successfully collaborated in the past. Think of examples where your insights led to better decision-making or improved outcomes. Communication skills are key, so practice articulating your thoughts clearly.
✨Showcase Your Market Knowledge
If you have experience in the Lloyd's or London Market, make sure to highlight it. Be prepared to discuss how this experience has shaped your understanding of the industry and how it can benefit the team. If you don’t have direct experience, demonstrate your knowledge of market trends and challenges.
